Morocco: Financial System Stability Assessment: Update

International Monetary Fund

No 2008/333, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an update to the Financial System Stability Assessment on Morocco. Major reforms have been achieved since the 2002 Financial Sector Assessment Program (FSAP) within a policy of actively promoting economic and financial sector opening. The 2002 FSAP recommendations have been largely implemented. Although the financial system is stable and considerably more robust than in the past, the liberalization of capital flows and increased exchange rate flexibility present challenges for the monetary authorities, financial regulators, financial institutions, and markets.

Keywords: ISCR; CR; interest rate; banking sector; exchange rate; central bank; financial system; bank Al-Maghrib; problem bank; assets equivalent; banking system; return on equity; illiquid bank; et IMF estimation; parent bank; bank financial institutions; management of exchange risk; banks' balance sheets; Commercial banks; Loans; Market risk; Credit; Stress testing; Maghreb (search for similar items in EconPapers)
Pages: 40
Date: 2008-10-14
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